Inv Glbl RealEst Ltd (IGRE) - Interim Management Statement RNS Number : 6426Q Investors in Global Real Estate Ltd 08 November 2012 Investors in Global Real Estate Limited (the "Company") (a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 44714) 8 November 2012 Interim Management Statement (unaudited) For the period to 30 September 2012 Investors in Global Real Estate Limited Bloomberg Ticker: IGRE LN Investment Objective: The Company's investment objective is to provide investors with an attractive total return, through investing in listed and unlisted global real estate securities, which will be selected primarily for their potential to provide high and rising dividend income leading to long term capital appreciation. Key Portfolio Statistics as of 30 September 2012 Share price 99.50p NAV 108.85p Discount -8.6% Total Net Assets £93.3M Gearing 1.6% Issue price 100p NAV at launch 97.50p Company year end 31 December Company half year end 30 June Investment Manager CBRE Clarion Securities LLC Investment Advisor Townsend Group Europe Limited Administrator Northern Trust International Fund Administration Services (Guernsey) Limited Allocation of Portfolio as of 30 September 2012 Listed 90.5% Unlisted 9.5% Total 100.0% Please note weights exclude cash. Fund Performance as of 30 September 2012 Month-toYear-to Trailing Since date date 3 Years Incept NAV performance -0.66% 9.96% 11.89% 5.33% Market Price performance -2.33% 26.30% 19.22% 4.88% S&P Developed Property Index (GBP) 0.12% 17.06% 12.85% 5.43% The reported year end NAV for 31/12/2011 to the London Stock Exchange was 101.91 and the performance above has been calculated using this number. The adjusted NAV posted in the accounts was 101.92 and the difference is due to year end adjustments. NAV performance is calculated inclusive of reinvestment of dividends and net of fees. The Company inception was on 31 May 2006. Dividend Payments The Company has announced it is targeting a dividend distribution of 4.2 pence per share on an annual basis. In deciding the dividend rate the Board focuses on the need to ensure a sustainable and covered dividend and has decided to increase the dividend payment due to the solid performance of the Company's underlying assets and its confidence in the future. Q3 2012 Distribution Details Ex Date 8 August 2012 Record Date10 August 2012 Pay Date 24 August 2012 Dividend per Share 1.05 pence (Sterling) Country Allocation as of 30 September 2012 Australia 11.6% Canada 13.6% Continental Europe 10.1% Hong Kong 3.8% Japan 5.0% New Zealand 1.5% Singapore 4.3% United Kingdom 8.9% United States 41.2% Total 100.0% Sector Allocation as of 30 September 2012 Office 13.8% Retail 31.0% Residential 15.1% Diversified 20.9% Other 1.5% Industrial 11.3% Healthcare 4.9 % Net Leased 1.5% Total 100.0% Holdings as of 30 September 2012 Unlisted Holdings Security Country SectorWeight Sveafastigehter Fund II Capital SwedenDiversified 3.6% Fir Tree Special Opportunities Fund II United States Industrial 2.4 % Quercus Healthcare UK Healthcare 1.9% Mid South Industrial, LP United States Industrial 1.6% Total 9.5% Top 5 Listed Security Country Sector Weight CBL and Associates Properties Inc. United States Retail: Enclosed Malls 5.3% Primaris Retail Real Estate Canada Retail: Enclosed Malls 5.0% Crombie Real Estate Investment Retail: Community Shopping Trust Canada Centers 3.8% Retail: Community Shopping Link Reit Hong Kong Centers 3.8% Diversified Property GPT Group Australia Holdings 3.6% Total 21.5% Please note weights exclude cash. Enquiries: Company website: www.igre.co.uk Andrew Maiden Northern Trust International Fund Administration Services (Guernsey) Limited Tel: +44 (0) 1481 745368 This information is provided by RNS The company news service from the London Stock Exchange END IMSUGGWWGUPPUBR -0- Nov/08/2012 09:37 GMT
Inv Glbl RealEst Ltd IGRE Interim Management Statement
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